403,900 Shares in Aptiv PLC (NYSE:APTV) Acquired by Albar Capital Partners LLP

Albar Capital Partners LLP bought a new position in Aptiv PLC (NYSE:APTV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 403,900 shares of the auto parts company's stock, valued at approximately $24,428,000. Aptiv makes up about 5.9% of Albar Capital Partners LLP's investment portfolio, making the stock its 6th largest holding. Albar Capital Partners LLP owned 0.17% of Aptiv at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Aptiv during the fourth quarter worth about $106,492,000. Pictet Asset Management Holding SA raised its holdings in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after purchasing an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after purchasing an additional 1,517,104 shares during the period. Franklin Resources Inc. increased its stake in Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after purchasing an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co increased its position in shares of Aptiv by 968.7% during the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after acquiring an additional 824,400 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. HSBC raised shares of Aptiv from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Raymond James restated a "market perform" rating on shares of Aptiv in a report on Monday, February 3rd. Robert W. Baird decreased their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. UBS Group upped their price objective on shares of Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Friday. Finally, Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.06.

Aptiv Trading Down 0.3 %

Aptiv stock traded down $0.20 during trading hours on Monday, reaching $58.77. The company had a trading volume of 1,588,119 shares, compared to its average volume of 3,498,879. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The company has a 50-day moving average price of $58.45 and a 200 day moving average price of $59.91.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm's revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 EPS. Equities analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.45% of the company's stock.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.